It is apparent that the altcoin market could be ready for a major move considering the analysis of an experienced crypto trader and analyst who shared his views on Twitter recently. Supporting his claim, he based his prediction on a 2 year-long falling wedge formation breaking and an inverse Head and Shoulder pattern being formed on the altcoin chart. This seems to have gained some traction in the crypto community, with many agreement with the analyst's opinion.

Looking at the top 10 cryptocurrencies by market cap, most have experienced some positive movement in the last 24 hours, with Dogecoin (DOGE) leading the pack with its price surging more than 26%. It is likely that this increase can be attributed to the upcoming Dogecoin related events, with one of the most notable being when Twitter CEO Elon Musk replaced its logo with Dogecoin's.

Cardano (ADA) and Polygon (MATIC) have also had some uplift within the same time frame, reaching respective market caps of $44 billion and $74million,while Solana (SOL) rose more than 2% with its price of $20.60. Such price movements within a single day, especially in the altcoin industry, has not been seen in a while and are reassuring investors of greater profits in the near future.

It is indeed an exciting time for the altcoin market, with this prediction set to prove fruitful for those invested and holding these coins. Although there consists an element of risk with all cryptocurrencies, it could be profitable for those who are willing to take the plunge as it may result in great returns in the near future.



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